The post Whale Moves Large Amounts of Ethereum (ETH): Will ETH’s Price Rise? appeared on BitcoinEthereumNews.com.

There has been significant activity in the Ethereum (ETH) market, which suggests that large investors, otherwise known as whales, are buying huge amounts of this cryptocurrency. On-chain data shows massive ETH withdrawals (valued at about $50.24 million) from top crypto exchanges over three hours. The on-chain data revealed that a wallet associated with Cumberland, a popular crypto trading firm with institutional investors, withdrew ETH from three popular crypto exchanges: Copper, Coinbase, and Binance. During these three hours, the trading firm withdrew a total of 27,632 ETH. A Breakdown of the Whale’s Activity Blockchain explorer data shows multiple instances of the cryptocurrency being transferred from the three crypto exchanges mentioned above to a specific ETH address tagged Cumberland DRW. The continuous withdrawals within a short timeframe and the huge amounts of ETH withdrawn indicate a deliberate accumulation strategy, not isolated transactions. Ethereum Foundation Doubles Down on Core Values Meanwhile, the Ethereum Foundation (EF) has shared an updated vision for the future direction of the network. One aspect of this vision is a focus on the human elements that can boost the blockchain platform and no longer focus only on the network’s technical capabilities. In this latest update, the foundation stated again that the network’s greatest assets are its vibrant community of supporters, users, and developers and the decentralized structure that enables this ecosystem to perform exceptionally well without any central authority. This people-first strategy significantly changes how the EF is reshaping its purpose and goals. A key aspect of the announcement is the foundation’s concept of Ethereum as an “infinite garden.” According to them, this garden is a living and evolving ecosystem where anyone can create, build, and collaborate. This concept is a reflection of the EF’s belief that the ecosystem should keep growing through community efforts. The Foundation’s Updated Vision…

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Filed under: News - @ April 29, 2025 1:26 pm